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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trade Setup
#XRPBIT
Total Profit: -4208369 pip
Closed trade(s): 0 pip Profit
Open trade(s): -4208369 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 23.26438 based on 'Valley' entry method at 2020.10.05.

Open Profit:
Profit for one trade is 19.43859(current price) - 23.26438(open price) = -382579 pip
11 trade(s) still open, therefore total profit for open trade(s) is -382579 x 11 = -4208369 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateOctober 25, 2020 - 16:57
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 17.73520, resumption of uptrend is expected.
  • We make sure when the resistance at 28.05510 breaks.
  • If the support at 17.73520 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 21.54612 on 10/19/2020, so more gains to resistance(s) 21.44710, 23.53520, 25.67175 and maximum to Major Resistance (28.05510) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 25.

Take Profits:

  1. 25.67175
  2. 28.05510
  3. 33.45315
  4. 37.45000
  5. 40.90000
  6. 47.69000
  7. 57.90000
  8. 71.90000
  9. 101.95000
  10. 228.75935
Click on the level to view price action history.

Symbol Released Current Forecast
Ripple / BIT (XRPBIT) new Wed, 25 Nov 2020
Ripple / BIT (XRPBIT) free Tue, 17 Nov 2020
Ripple / BIT (XRPBIT) Sun, 8 Nov 2020
Ripple / BIT (XRPBIT) Sun, 1 Nov 2020
Ripple / BIT (XRPBIT) Sun, 25 Oct 2020